1517 Acacia Street
Alhambra, CA 91801
7
Bed
6
Bath
17,298Sqft(Lot)
16-unit multifamily investment opportunity in the heart of Alhambra. 1517-1519 Acacia Street features an attractive unit mix of six townhouse-style 2-bed/1.5-bath units, five 2-bed/1-bath units (including two newly constructed 2026 ADUs), one 2-bed/2-bath unit, and four 1-bed/1-bath units, totaling approximately 13,777 SF of improvements built in 1974. Units are individually metered for gas and electricity. The two brand-new ADUs are achieving full market rent, while in-place rents across the remaining units average roughly 10% below market, providing strong day-one cash flow with meaningful organic rental upside: approximately a 5.4% current cap rate and 12.4 GRM, rising to approximately a 6.3% cap rate and 11.1 GRM at market rents, based on the current rent roll and seller expense assump
Property Details
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Map
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Features
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Heating & Cooling
Has Heating: Yes Heating: ForcedAir
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Building Information
Year Built: 1974Building Area Total: 13777Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 17298 Lot Size Acres: 0.3971 Lot Size Source: Assessor Lot Size Square Feet: 17,298
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Listing Price Information
Listing Price: $5495000Cash, CashToNewLoan, Conventional, Exchange1031
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Tax Information
Parcel Number: 5343008030 Tax Lot: 18
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Location Information
Direction: South of W Main St, between S Marengo Ave and S Electric Ave WaterSource: Public
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 320 N Stoneman Avenue, Alhambra, CA, 91801 | $2,045,000 | 5 | 6 | -- | 7,948 Sq. Ft |
| 241 S Curtis Avenue, Alhambra, CA, 91801 | $2,595,000 | 12 | 12 | -- | 7,550 Sq. Ft |
| 221 S Bushnell Avenue, Alhambra, CA, 91801 | $1,450,000 | 3 | 2 | -- | 6,250 Sq. Ft |
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ByOwner last updated this listing 09/30/2026 @ 22:57
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